Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Another Fonterra director is leaving the co-op.
Independent director, Simon Israel will leave the board at the annual general meeting in November when his term expires.
Fonterra says Israel’s decision is in support of planned succession and the need to phase the refresh of the cooperative’s Independent directors.
Israel was appointed to the board in 2013 and is currently a member of Fonterra’s Appointments and Remuneration Committee. Based in Singapore, Israel has contributed valuable insights from his 39 years of business experience in Asia, leading businesses and as a chairman and company director. He is currently the chairman of Singapore Telecommunications and chairman of Singapore Post.
In a note to the Fonterra farmer-owners today, Fonterra chairman John Monaghan said that internationally respected directors of Israel’s calibre aren’t easy to come by.
“He has been a real asset on our board over the past six years and I would like to thank Simon for his significant contribution to the board and our cooperative.”
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
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